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Day: April 8, 2011
April 82011
Canada’s Currency Becomes Stronger as Crude Oil Advances
The rally of commodities, including crude oil that jumped above $113 per barrel price, allowed the Canadian dollar to advance against its US counterpart and to post weekly gains for the third consecutive week. Canada’s currency weakened against the euro. Crude oil surged on the speculation that the bombardment of Libya’s oilfield won’t allow the country to restore the rate of crude production to the previous levels anytime soon. May delivery of crude oil gained […]
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April 82011
Dollar Falls on Prospect of Government Shutdown
The US dollar went down today as the US policy maker weren’t been able to reach an agreement about the budget and as the rally of raw materials damped demand for the US currency as a safe asset. The US lawmakers in Congress remained divided in their view about the federal budget and that can result in the first shutdown of the US government in 15 years. The Dollar Index, tracking the greenback versus the currencies of six major trading partners of the US, tumbled […]
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April 82011
Sterling Rises as PPI Jumps
The Great Britain pound advanced, rising to the highest level in almost three months against the US dollar, as the report today showed that the UK producer prices index climbed in March. Both input and output prices rose in Britain last month. The output price measure for all manufactured products rose 0.9 percent between February and March, lead by prices for petroleum, tobacco, alcohol, and food products. The input price measure of UK manufacturersâ […]
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April 82011
Rand Strengthens as Gold Reaches Record
The South African rand reached the highest level in more than three months against the US dollar today as central said that restraining the capital inflows to weaken the currency “would not be appropriate” and as gold touched another all-time high. Daniel Mminele, a South African Reserve Bank Deputy Governor, said that South Africa “carefully studied” the actions that other emerging-market countries have taken to limit foreign inflows […]
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April 82011
My Dog Ate My Forex — Free E-Book
The newest addition to the beginner books on the site is a rather short free Forex e-book by Doug Breiten called “My Dog Ate My Forex”. Despite its weird name, it’s quite helpful. The title references the problem of many traders — losing their money to a Forex broker, “feeding” them with trader losses. The three secrets of trading revealed in this book are: To have a trading system. Money management and risk management. To trade as a group. […]
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